Commercial Casualty - Cic Study Guide Questions And Correct Answers

Business Operations Liability {Ans: Activates involved in the operation of an organization including service repair activities usually done on the premises of others, while the activity is being conducted STILL IN THE HANDS OF THE INSUREDS}The first promise in the insuring agreement for Business Auto {Ans: 1. Promise to pay legal obligations of an insured because of: -BI or PD to which this insurance applies -Must be caused by an accident -Must result from the ownership, maintenance or use of a covered auto -Accident, BI, and PD are defined terms}Symbol 5 {Ans: Owned "Autos" Subject to No-fault Only those "Autos" you own that are required to have no-fault benefits in the state where they are licensed or principally garaged. This includes "Autos" you acquire ownership after the policy begins provided they are required to have no fault benefits in the state where they are licensed or principally garaged}General exemptions for certain types of employees {Ans: 1. Domestic Employees 2. Agriculture or Farm Workers 3. Real estate salespersons 4. Casual laborers}Primary/excess coverage {Ans: -Covered owned auto - primary coverage provided -Covered non‐owned auto - excess coverage provided}Third party over {Ans: Lawsuits filed by a third